Karnataka signs Rs 22,000 crore MoUs with 7 companies in Davos meeting

Sir Keir Starmer vows to renationalise Britain's railways

Labour leader Sir Keir Starmer says his government would transfer the 10 remaining privately run rail networks to public ownership “well within the first term” by folding existing private passenger rail contracts into a new body as they expire. His comments come during a visit to a train manufacturer Hitachi in Newton Aycliffe, Co Durham. Report by Czubalam. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Microsoft Makes $1.5 Billion Investment in Leading UAE Technology Firm

Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm. Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm. 'The Independent' reports that Microsoft has announced a $1.5 billion investment in a leading United Arab Emirates-based artificial intelligence firm. . 'The Independent' reports that Microsoft has announced a $1.5 billion investment in a leading United Arab Emirates-based artificial intelligence firm. . The deal, overseen by the UAE's powerful national security adviser, will see Microsoft president Brad Smith join technology holding company G42's board of directors. The deal, overseen by the UAE's powerful national security adviser, will see Microsoft president Brad Smith join technology holding company G42's board of directors. The UAE's national security adviser, Sheikh Tahnoon bin Zayed Al Nahyan, is the current chairman of G42's board of directors. . In a statement released on April 16, Microsoft said the deal “was developed in close consultation with both the UAE and U.S. governments.”. In a statement released on April 16, Microsoft said the deal “was developed in close consultation with both the UAE and U.S. governments.”. G42, which runs data centers in the Middle East and elsewhere, has built the world's leading Arabic-language AI model, Jais. . According to Microsoft, G42 will move its AI applications and services over to the U.S. tech giant's cloud computing platform. . According to Microsoft, G42 will move its AI applications and services over to the U.S. tech giant's cloud computing platform. . The deal will also look to bring digital infrastructure to regions that G42 has already established a presence, including the Middle East and Africa. 'The Independent' reports that G42 previously cut ties with Chinese hardware suppliers to limit U.S. concerns that the company was closely tied to the Chinese government. 'The Independent' reports that G42 previously cut ties with Chinese hardware suppliers to limit U.S. concerns that the company was closely tied to the Chinese government. Prior to Microsoft's investment, the company reportedly faced allegations of spying for its connection to a mobile phone app identified as spyware. The tech company also faced accusations that it gathered genetic material from U.S. users for the Chinese government. . The tech company also faced accusations that it gathered genetic material from U.S. users for the Chinese government.

US Government Emails With Microsoft Were Stolen by Russian Hackers

US Government Emails With Microsoft , Were Stolen by Russian Hackers. On April 11, American officials confirmed that emails sent between Microsoft and U.S. government agencies have been stolen by Russian hackers, CNN reports. . According to Eric Goldstein, a senior official at the U.S. Cybersecurity and Infrastructure Security Agency (CISA), . those emails may have included login information like usernames and passwords. At this time, we are not aware of any agency production environments that have experienced a compromise as a result of a credential exposure. , Eric Goldstein, a senior official at the U.S. Cybersecurity and Infrastructure Security Agency (CISA), via CNN. Even though there is currently no evidence that the stolen credentials have been used to compromise federal computer systems, . CISA described the occurrence as an "unacceptable risk to agencies.". As a result, the agency released an "emergency directive" on April 11 ordering those potentially affected by the hack to bolster their defenses. . The hack was first revealed by Microsoft in January, but it has gotten more serious as new details continue to emerge. CNN reports that the U.S. has previously linked the hackers in question to Russia's foreign intelligence service. . A Microsoft spokesperson issued a statement on April 11. As we shared in our March 8 blog, as we discover secrets in our exfiltrated email, we are working with our customers to help them investigate and mitigate, Microsoft spokesperson, via CNN. This includes working with CISA on an emergency directive to provide guidance to government agencies, Microsoft spokesperson, via CNN

NYC’s AI Chatbot Has Been Telling Businesses to Break the Law

NYC’s AI Chatbot Has Been , Telling Businesses to Break the Law. New York City's AI chatbot was created to help small business owners, but it's been dispensing concerning advice, AP reports. . For example, many small business owners have been given inaccurate information about local policies or been encouraged to break the law. However, the city is not removing the chatbot from its official website. Instead, it has provided a disclaimer stating that the chatbot may "occasionally produce incorrect, harmful or biased" information. Critics say that the situation highlights the dangers of AI being used by governments without proper guardrails. They’re rolling out software that is unproven without oversight, Julia Stoyanovich, computer science professor and director of the Center for Responsible AI at New York University, via statement. It’s clear they have no intention of doing what’s responsible, Julia Stoyanovich, computer science professor and director of the Center for Responsible AI at New York University, via statement. There’s a different level of trust that’s given to government. Public officials need to consider what kind of damage they can do if someone was to follow this advice and get themselves in trouble, Jevin West, a professor at the University of Washington and co-founder of the Center for an Informed Public, via statement. Microsoft, which powers the chatbot, said it is working with the city "to improve the service and ensure the outputs are accurate and grounded on the city’s official documentation.". On April 2, Mayor Eric Adams said that letting users find issues with the chatbot is just part of sorting out the new technology. Anyone that knows technology knows this is how it’s done. Only those who are fearful sit down and say, ‘Oh, it is not working the way we want, now we have to run away from it all together.’ I don’t live that way, Mayor Eric Adams, via statement. Julia Stoyanovich, a computer science professor and director of the Center for Responsible AI at New York University, referred to Adams' approach as "reckless and irresponsible," AP reports.

OpenAI and Microsoft Make Plans for $100 Billion Data Center

OpenAI and Microsoft Make Plans , for $100 Billion Data Center. According to The Information, the two companies are planning to build a data center that would house an AI supercomputer called "Stargate," Reuters reports. According to The Information, the two companies are planning to build a data center that would house an AI supercomputer called "Stargate," Reuters reports. The project, which could cost $100 billion or more, is reportedly set to launch in 2028. The tentative cost is roughly 100 times more expensive than some of the biggest data centers that exist today. . Demand for AI data centers has increased due to the rapid advancement of generative artificial intelligence technology, Reuters reports. . This is because traditional data centers aren't as capable of handling the advanced tasks that AI requires. . Several supercomputers would be built across five phases. "Stargate" would be launched in the fifth phase, while a smaller supercomputer would be launched in the fourth phase, tentatively around 2026. Microsoft and OpenAI are reportedly in the third phase currently. We are always planning for the next generation of infrastructure innovations needed to continue pushing the frontier of AI capability, Microsoft spokesperson, to Reuters . The cost for the next two phases largely revolves around acquiring expensive AI chips. In March, Nvidia CEO Jensen Huang said that the newest "Blackwell" B200 AI chip will cost between $30,000 and $40,000

SEC Permitted to Sue Coinbase for Offering Unregistered Securities

SEC Permitted to Sue Coinbase , for Offering Unregistered Securities. U.S. District Judge Katherine Polk Failla has ruled that the Securities and Exchange Commission's (SEC) lawsuit against Coinbase can proceed, The Verge reports. . The SEC has sufficiently pleaded that Coinbase operates as an exchange, as a broker, and as a clearing agency under the federal securities laws, , U.S. District Judge Katherine Polk Failla, via ruling. ... and, through its Staking Program, engages in the unregistered offer and sale of securities, U.S. District Judge Katherine Polk Failla, via ruling. The judge rejected arguments that existing laws are inadequate when it comes to crypto. . The judge rejected arguments that existing laws are inadequate when it comes to crypto. . The ‘crypto’ nomenclature may be of recent vintage, but the challenged transactions fall comfortably within the framework that courts have used to identify securities for nearly eighty years, U.S. District Judge Katherine Polk Failla, via ruling. Coinbase chief legal officer Paul Grewal took to X to respond to the ruling. . Coinbase chief legal officer Paul Grewal took to X to respond to the ruling. . Early motions like ours against a government agency are almost always denied. , Paul Grewal, Coinbase chief legal officer, via X. But clarity is the ultimate goal and today’s decision continues us on that path, Paul Grewal, Coinbase chief legal officer, via X. Looking ahead, we remain confident in our legal arguments, we look forward to proving we’re right, , Paul Grewal, Coinbase chief legal officer, via X. ... we are eager for the opportunity to take discovery from the SEC for the first time, and we appreciate the Court’s continued consideration of our case. , Paul Grewal, Coinbase chief legal officer, via X

Sony Names New PlayStation Co-CEOs Following Jim Ryan’s Departure

Sony Names New PlayStation Co-CEOs , Following Jim Ryan’s Departure. Beginning June 1, Hermen Hulst and Hideaki Nishino will lead PlayStation, The Verge reports. Beginning June 1, Hermen Hulst and Hideaki Nishino will lead PlayStation, The Verge reports. Hulst will oversee Sony Interactive Entertainment's (SIE) studio business group. while Hideaki will helm SIE's platform business group. Both men will report to Hiroki Totoki, Sony's CFO and SIE chairman. Hulst's current role is PlayStation studios chief. Nishino has held several positions at Sony for over 20 years. . PlayStation has never before had co-CEOs. The announcement comes as 900 PlayStation employees were laid off earlier this year. Last quarter, Sony lowered its predictions for PS5 console sales. . Earlier this year, Totoki discussed the possibility of growing PlayStation games outside of consoles. In the past, we wanted to popularize console... but there is a synergy to it. , Hiroki Totoki, Sony's CFO and SIE chairman, via earnings call. So if you have strong first-party content, not only with our console but also other platforms like computers, first-party can be grown with multi platforms and that can help operating profit to improve, Hiroki Totoki, Sony's CFO and SIE chairman, via earnings call

Jodie Comer, Aaron Taylor-Johnson & Ralph Fiennes to Star In '28 Years Later' | THR News Video

Jodie Comer, Aaron Taylor-Johnson and Ralph Fiennes are teaming up for the long-awaited next sequel to '28 Years Later.' The trio have been cast in the follow up to the original 2002 film which centered on a man played by Cillian Murphy who wakes up in the hospital to find the UK overtaken by a zombie plague. 'Civil War' filmmaker Alex Garland, who penned the script, is back to write what is intended to be a trilogy of films for Sony. Danny Boyle is also back in the director's chair for the feature.

Austin Butler to Lead Darren Aronofsky’s 'Caught Stealing' at Sony | THR News Video

Austin Butler is teaming up with Darren Aronofsky for his next feature. Hot off his creepy villain turn in 'Dune: Part Two,' Butler is set to next star in the Aronofsky crime thriller 'Caught Stealing.' Acquired by Sony and based on the book by Charlie Huston, the film "follows Hank Thompson, a burned-out former baseball player, as he's unwittingly plunged into a wild fight for survival in the downtown criminal underworld of '90s NYC."